World stocks mostly up after China factory data
Source: AP-EXCITE
By YOUKYUNG LEE
SEOUL, South Korea (AP) — Japan led gains in global stock markets Thursday after a manufacturing survey suggested the slowdown in China's economy is flattening out and Fed minutes reinforced expectations the U.S. central bank won't rush to raise interest rates.
News of a military coup in Thailand came just as country's stock market ended its trading session. The dollar gained about 0.3 percent against the Thai baht.
HSBC's China manufacturing index based on a survey of factory purchasing managers rose to 49.7 in May from 48.1 in April. Numbers above 50 on the 100-point scale indicate expansion. May's reading was the best result in five months, showing that China's economy is stabilizing after mini-stimulus measures.
European stocks were muted. Britain's FTSE 100 inched up 0.1 percent to 6,830.75 and Germany's DAX was up 0.1 percent at 9,709.12. France's CAC 40 was slightly lower, losing 0.3 percent to 4,455.88.
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Pedestrians are reflected on the electronic stock indicator of a securities firm in Tokyo Thursday, May 22, 2014. Japan's Nikkei led gains in Asian stock markets Thursday after a manufacturing survey suggested the slowdown in China's economy is flattening out and Fed minutes reinforced expectations the U.S. central bank won't rush to raise interest rates. Japan's Nikkei 225 rose 295.62 points, or 2.1 percent to 14,337.79. (AP Photo/Shizuo Kambayashi)
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